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Exporters concerned

    JOHANNESBURG

    Exporters in Zimbabwe are concerned about a move this week by the Reserve bank this week which cut the amount of money going into corporate foreign currency accounts, the South African daily, 'Business Day' reported on Wednesday.

    It said that under a new rule, one-third of all export proceeds in the accounts has to be paid to the Reserve bank as a statutory reserve provision for foreign currency. No interest will be paid on the money.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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